Christian Ehlers
Seller Finance Payoff Tax Question
Hey BP, been learning a lot about seller finance, subject to, and all that good stuff.Just want to confirm something here.When seller financing vs traditional sale, one of the perks to the seller is that they don’t ta...
Gene Walker
Tax lien certificate question
I have a price quote from the land commissioner for two adjoining undeveloped land parcels totaling 18 acres in Jefferson county Alabama showing a sale to the state date of 5/24/2016. I would like to know if I can le...
Michael C Gregory
buying upside down properties
If you see a property owner who is in trouble, and let's say his loan is for $200,000, and the ARV is $180,000. And you want to offer him $117,000. How does this work? Will the deal have to go through a Short Sale spe...
Account Closed
Alot On The Plate, But It Ain’t Gon’, Eat Itself
1.) Why is it when buying a house from the tax sale,
Approximately 2-3weeks until afta auction is ONLY when I get possession?
2.) Describe a written notice to vacate.
Also, when is it ideal to be issued?
3....
Skylar Howard
REOs have back taxes! What?
Does anyone have any idea how to get back taxes reduced, or am I just in dreamland?...Let me explain. I have 2 REOs that I am trying to buy, and they have back taxes. Understand that I have bought many REOs this year,...
Xavier Mc holder
Should I switch mortgage lenders ?
Hey so I am in the process of purchasing my first home it is new construction. I decided to get some upgrades on the property that I already paid out of pocket. The lender is now telling me that “ You can’t pay for se...
Mark Davis
Sheriff sales
How exactly does a Sheriff sale work? Are they selling seized property from raids or something?
Jeremy Keone
1031 Exchange. Net profit or capital gains?
When purchasing the “replacement” property, do we need to purchase a property equal to or more than, the Capital Gains or the Net proceeds?Sell “relinquish” property: $287kLoan balance: $115kCommission, fees: $15kPur...
Brad Denkhaus
seller financed wrap - how should the gains be taxed?
Hello,I've asked several CPA's, and gotten varying opinions. Wondering if anyone feels they have fully vetted this subject and come to a definitive answer.Situation: purchase a property subject to the underlying lien,...
Ray Slack
Property Sold at Tax Sale Baltimore City
@Ned Carey I have a question about a property that I own and forgot to pay the Taxes in Baltimore City. I have owned a rental property in Baltimore city for a few years.. This past May 2018 I forgot to pay the taxes ...